Revive Therapeutics Ltd (RVVTF)

[PennyWorld]

Gatorca, I was lucky to have exited this around .40 with a very small loss. I didn't like MF after seeing him in an interview. Not professional IMO (pretty sleezy). The guy couldn't even sit up in a chair right, and his PR's appeared to obsessed with shrooms (rather than EUA for Bucillamine. Also, he dragged his feet when the FDA gave the red light by taking months to get the trial off the ground. The guy was not prepared at all. So I got out.

On the other hand, I lost a good chuck of change on RLFTF (small Swiss based biotech). RLFTF had a lot of pumping by the doctor doing the trial and suckered me in. They too were seeking EUA for covid. In the end the FDA essentially rejected their drug.

I've concluded that it is a very low probability trade to think that the FDA will approve a drug from a small foreign country..... and that includes Canada. IMO, MF has run out of tricks, so he has invented another one to lure in new investors. Their only real source of cash inflow is dilution, so I'm reasonably sure that we'll see a devastating r/s in 2024 (2025 at the latest). But I will continue to watch this stock in case there is a new, major turn of events. But I have very little faith now.